DR Corporation Limited
DR Corporation Limited engages in the design and marketing of high-end engagement rings and fine jewelry worldwide. The company offers engagement rings, wedding rings, anniversary gifts, and bridal gold collections. It sells its products under the DR Diamond Ring brand through online and offline stores. The company was founded in 2010 and is based in Shenzhen, China. DR Corporation Limited is a s… Read more
DR Corporation Limited (301177) - Net Assets
Latest net assets as of June 2025: CN¥6.21 Billion CNY
Based on the latest financial reports, DR Corporation Limited (301177) has net assets worth CN¥6.21 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.41 Billion) and total liabilities (CN¥1.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.21 Billion |
| % of Total Assets | 83.73% |
| Annual Growth Rate | 56.67% |
| 5-Year Change | 465.41% |
| 10-Year Change | N/A |
| Growth Volatility | 201.51 |
DR Corporation Limited - Net Assets Trend (2019–2024)
This chart illustrates how DR Corporation Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for DR Corporation Limited (2019–2024)
The table below shows the annual net assets of DR Corporation Limited from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.32 Billion | -2.30% |
| 2023-12-31 | CN¥6.47 Billion | -4.86% |
| 2022-12-31 | CN¥6.80 Billion | -0.93% |
| 2021-12-31 | CN¥6.87 Billion | +513.97% |
| 2020-12-31 | CN¥1.12 Billion | +67.11% |
| 2019-12-31 | CN¥669.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to DR Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 425.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.26 Billion | 19.95% |
| Other Components | CN¥5.06 Billion | 80.05% |
| Total Equity | CN¥6.32 Billion | 100.00% |
DR Corporation Limited Competitors by Market Cap
The table below lists competitors of DR Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fundamental Global Inc.
NASDAQ:FGNXP
|
$144.39 Million |
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$144.49 Million |
|
Jmicron Technology
TWO:4925
|
$144.51 Million |
|
Genfit SA
PINK:GNFTF
|
$144.56 Million |
|
Foghorn Therapeutics Inc
NASDAQ:FHTX
|
$144.38 Million |
|
Old Point Financial Corporation
NASDAQ:OPOF
|
$144.36 Million |
|
RCI Hospitality Holdings Inc
NASDAQ:RICK
|
$144.35 Million |
|
INSPIRED ENTERTMT DL-01
F:4U8
|
$144.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DR Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,472,637,842 to 6,323,504,304, a change of -149,133,538 (-2.3%).
- Net income of 53,029,533 contributed positively to equity growth.
- Dividend payments of 203,605,773 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥53.03 Million | +0.84% |
| Dividends Paid | CN¥203.61 Million | -3.22% |
| Other Changes | CN¥1.44 Million | +0.02% |
| Total Change | CN¥- | -2.30% |
Book Value vs Market Value Analysis
This analysis compares DR Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.88x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 15.99x to 1.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥1.86 | CN¥29.72 | x |
| 2020-12-31 | CN¥3.11 | CN¥29.72 | x |
| 2021-12-31 | CN¥17.17 | CN¥29.72 | x |
| 2022-12-31 | CN¥17.01 | CN¥29.72 | x |
| 2023-12-31 | CN¥16.18 | CN¥29.72 | x |
| 2024-12-31 | CN¥15.81 | CN¥29.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DR Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.58%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.19x
- Recent ROE (0.84%) is below the historical average (20.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 39.43% | 15.86% | 1.61x | 1.55x | CN¥196.99 Million |
| 2020 | 50.37% | 22.86% | 1.13x | 1.95x | CN¥451.47 Million |
| 2021 | 18.96% | 28.16% | 0.56x | 1.20x | CN¥615.11 Million |
| 2022 | 10.72% | 19.81% | 0.42x | 1.30x | CN¥48.94 Million |
| 2023 | 1.07% | 3.16% | 0.29x | 1.16x | CN¥-578.31 Million |
| 2024 | 0.84% | 3.58% | 0.20x | 1.19x | CN¥-579.32 Million |
Industry Comparison
This section compares DR Corporation Limited's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $1,679,638,065
- Average return on equity (ROE) among peers: 13.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DR Corporation Limited (301177) | CN¥6.21 Billion | 39.43% | 0.19x | $144.38 Million |
| Innovative Medical Management Co Ltd (002173) | $134.18 Million | 19.54% | 1.80x | $1.16 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $2.57 Billion | 9.94% | 0.70x | $752.53 Million |
| Zhejiang Ming Jewelry Co Ltd (002574) | $3.13 Billion | 0.58% | 1.25x | $194.85 Million |
| Beijing Kingee Culture Development Co Ltd (002721) | $2.05 Billion | 32.41% | 0.07x | $615.93 Million |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $1.23 Billion | 2.34% | 1.89x | $148.12 Million |
| Chow Tai Seng Jewellery Co Ltd (002867) | $1.15 Billion | 21.28% | 0.65x | $625.45 Million |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.90 Billion | 7.20% | 0.37x | $117.48 Million |
| Fiyta Holdings Ltd (200026) | $3.14 Billion | 8.50% | 0.31x | $210.32 Million |
| MCLON JEWELLERY Co.Ltd. (300945) | $538.90 Million | 11.81% | 0.15x | $303.73 Million |
| Henan Liliang Diamond Co. Ltd. (301071) | $958.32 Million | 25.00% | 0.49x | $761.89 Million |